Corporate Accountability and WorkPlace

Mortgage Bankers Celebrate Their Big Victory

You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- but they were partying.

You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months. But our American News Projectreporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as "cram-down" appeared to be working.